[Brief Review of Domestic Iron Ore] Prices of Iron Ore Concentrates in the Western Liaoning Region May Operate Stable with a Weak Trend

After the Chinese New Year, iron ore concentrate prices in the Liaoxi region remained relatively stable, with a 66-grade wet basis, tax-exclusive price of 700-710 yuan/mt. Currently, the demand for domestic ore in the Liaoxi market is relatively weak, with traders mostly making tentative offers. Additionally, the post-holiday resumption pace of beneficiation is slow, and there is no urgency to quote or ship. As a result, today's market prices remain stable compared to pre-holiday levels. Overall market supply is relatively tight, providing some support for local iron ore concentrate prices. On the demand side, the restocking pace of steel mills fell short of expectations, and overall market transactions were relatively sluggish. In the short term, the market is in a state of weak supply and demand, and local iron ore concentrate prices are expected to remain stable with a weak trend.